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FX.co ★ Elliott wave analysis of GBP/JPY for June 13, 2022

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Forex Analysis:::2022-06-13T04:13:34

Elliott wave analysis of GBP/JPY for June 13, 2022

Elliott wave analysis of GBP/JPY for June 13, 2022

We are looking for a B-wave to 168.43. A renewed downside pressure towards support in the 154.48 - 155.48 area looks possible before the next impulsive rally to 196.

We need to concentrate on the final leg lower in the correction from 168.43. A break below minor support at 165.16 will confirm the expected decline towards support in the 154.48 - 155.48 zone.

Analyst InstaForex
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